Overseas Investment: India

(asked on 10th February 2015) - View Source

Question

To ask the Secretary of State for Business, Innovation and Skills, what recent progress he has made on UK participation in the Mumbai/Bangalore Economic Corridor; and if he will place in the Library the feasibility report for that project and other related studies.


Answered by
Matt Hancock Portrait
Matt Hancock
This question was answered on 23rd February 2015

Her Majesty’s Government continues to engage with India on the Bangalore/Mumbai Economic Corridor (BMEC). BMEC was most recently discussed on 11 February 2015 in a meeting between Chief Executive of UKTI, Dominic Jermey, and Indian Commerce Minister, Nirmala Sitharaman.

The feasibility report has not yet been completed by Egis, a French company commissioned by Government of India. The report will be the property of the Government of India and it will be their decision as to how it circulated when complete.

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